Network People Services Technologies (NPST) Q2 25/26 earnings summary

Executive summary

• Quarterly revenue rose to INR 48.61 crore, a 39% increase quarter-on-quarter, with EBITDA up 40% to INR 15.71 crore and net profit up 38% to INR 10 crore, maintaining a 20.4% profitability margin.

• Achieved strong growth in Q2 FY26 with significant expansion in digital payment solutions, new product launches (Evok 4.0, Bank-in-Box, Banking Connect), and major orders from PSU banks.

• Business diversification accelerated, adding new revenue streams in TSP, payment solutions, SaaS-based offerings, and international projects, notably in Africa and UAE.

• RegTech evolved into a full vertical with over 90% fraud prediction accuracy, aiming for broader market reach in the next 2-3 quarters.

• Over 1 million customers onboarded on TimePay without incurring customer acquisition burn.

Financial highlights

• Revenue for the quarter: INR 48.61 crore, up 39% quarter-on-quarter; EBITDA: INR 15.71 crore, up 40%; net profit: INR 10 crore, up 38%, with a net margin of 20.4%.

• EPS improved to ₹5.03 from ₹3.70 in the previous quarter, a 35.95% increase.

• TSP segment contributed 80-85% of revenue, PPaaS about 15%.

• Cash and cash equivalents as of September 30, 2025, were ₹31,685.77 lakhs (consolidated).

Outlook and guidance

• Management expects incremental growth in Q3 and Q4, with new product portfolios and SaaS-based revenues driving performance.

• Q3 revenue is expected to reach previous peak levels (INR 66 crore), with sustained growth anticipated.

• Focus areas for FY 2026: expanding payment platform revenue, executing TSP business, growing SaaS-based RegTech and Bank in a Box, and increasing merchant presence.

• International expansion, especially in Africa and UAE, is expected to yield higher contract sizes and margins.

• Capital raised is earmarked for global expansion, product development, infrastructure enhancement, and strategic acquisitions.